Factor demand is called derived demand because it:
A)requires the use of other factors.
B)depends on demand for the product that the factor produces.
C)has a downward-sloping demand curve.
D)has a constant marginal factor cost.

Name: Factor demand is called derived demand because it: A)requires the use of other factors. B)depends on demand for the product that the factor produces. C)has a downward-sloping demand curve. D)has a constant marginal factor cost.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

The Answer is B

Factor Demand Is Called Derived Demand Because It